The flexible hybrid electronics market comprises electronics that are manufactured by integrating both printed and flexible electronics onto thin, lightweight and flexible substrates. These electronics have applications across multiple industries including consumer electronics, automotive, medical devices and others. Flexible hybrid electronics offer advantages like mechanical flexibility, lightweight design and cost-effective manufacturing compared to traditional rigid printed circuit boards. Today flexible hybrid electronics are being used in applications like wearables, curved screens, smart labels and packaging.
The Global Flexible Hybrid Electronics Market is estimated to be valued at US$ 160.85 Bn in 2024 and is expected to exhibit a CAGR of 24% over the forecast period 2024 To 2031.
Key Takeaways
Key players operating in the flexible hybrid electronics are Seres Therapeutics, Biomesense, Microbiotica, Infant Bacterial Therapeutics AB, Vedanta Biosciences, Inc., Second genome therapeutics, 4D Pharma Ferring Inc, Enterome, BiomX, MaaT Pharma, Azitra, Illumina, Inc, Locus Biosciences, Inc, Finch Therapeutics Group, Inc, Rebiotix Inc, Servatus Ltd, Microbiome Research Pvt. Ltd, AOBiome, Axial Therapeutics, Inc, Biomica.
The growing demand for flexible and wearable devices is expected to drive the flexible hybrid electronics market during the forecast period. Devices such as smart watches, health bands, augmented reality headsets and smart labels require flexibility and lightweight form factors that are enabled by flexible hybrid electronics.
Globally the Flexible Hybrid Electronics Market Demand across all major regions including North America, Europe, Asia Pacific and Rest of the world. The increasing adoption of printed and flexible electronics in industries such as consumer electronics, medical devices, automotive among others for applications like smart sensors, flexible displays and others is propelling the global expansion of the flexible hybrid electronics market.
Market Key Trends
One of the key trends gaining traction in the flexible hybrid electronics market is the development of ultra-thin and lightweight form factors. Manufacturers are focusing on developing printable and flexible hybrid electronics with thicknesses less than 100 microns to enable truly flexible form factors like foldable displays. These ultra-thin and light weight form factors are well suited for applications like wearables, curved televisions and point of sale devices.
Porter's Analysis
Threat of new entrants: The Flexible Hybrid Electronics Market Size And Trends requires huge R&D investments and patents to develop new hybrid electronic products. This creates a high barrier for new companies to enter this market.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players providing a variety of hybrid electronic products in this market. However, buyers can negotiate on prices depending on order volumes.
Bargaining power of suppliers: A few major players dominate the supply of raw materials for flexible hybrid electronics such as conductive inks, substrates, etc. This gives them moderate bargaining power over manufacturers.
Threat of new substitutes: No direct substitutes currently exist for flexible hybrid electronics. However, advancements in other emerging technologies could pose a threat in the long run.
Competitive rivalry: The flexible hybrid electronics market sees intense competition among major players. Companies focus on R&D, new product innovations and partnerships to gain market share.
Geographical regions with highest market value:
North America holds the largest share in the flexible hybrid electronics market mainly due to significant investments in R&D by US companies and government funding for research. Europe and Asia Pacific also have substantial market shares.
Fastest growing region: Asia Pacific region is expected to grow at the highest CAGR during the forecast period. This is attributed to the rising electronics industry, developing healthcare infrastructure and growing investments by China and other Asian countries in hybrid electronics technology.
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About Author:
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemical and materials, defense and aerospace, consumer goods, etc. (https://www.linkedin.com/in/money-singh-590844163)
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